“Second-quarter results demonstrate the transformation of our business as growth in data center, memory and IoT accounted for more than 70 percent of our operating profit and helped offset a challenging PC market," said Intel CEO Brian Krzanich, commenting on second quarter 2015 financial results.
Of course, whenever big segments get lumped together, one has to parse them.
Client Computing Group revenue was $7.5 billion, up two percent sequentially and down 14 percent year-over-year.
Data Center Group revenue was $3.9 billion, up five percent sequentially and up 10 percent year-over-year.
The Internet of Things Group revenue was $559 million, up five percent sequentially and up four percent year-over-year
Software and services operating segments revenue of $534 million was flat sequentially and down three percent year-over-year.
In other words, Internet of Things revenue did grow five percent sequentially. But IoT represents only about four percent of total revenue.